Zipwhip, Inc., Corporation just submitted form D announcing $9.00 million equity financing. This is a new filing. Zipwhip was able to finance itself with $9.00 million. That is 100.00% of the offering. The total financing amount was $9.00 million. The financing document was filed on 2016-10-14. The reason for the financing was: unspecified.
Zipwhip is based in Washington. The firm’s business is Other Technology. The SEC form was signed by William Kearns Vice President, Finance. The company was incorporated more than five years ago. The filler’s address is: 2401 4Th Ave., Ste 600, Seattle, Wa, Washington, 98121. John Lauer is the related person in the form and it has address: C/O Zipwhip, Inc., 2401 4Th Ave., Ste 600, Seattle, Wa, Washington, 98121. Link to Zipwhip Filing: 000162910716000002.
Analysis of Zipwhip Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Zipwhip sold 100.00% of the offering. Could this mean that the trust in Zipwhip is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 484.42% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Zipwhip Also
The Form D signed by William Kearns might help Zipwhip, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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